Chime is a financial technology company that offers personal banking services through a user-friendly mobile platform. While it offers banking features similar to traditional banks, it is not a bank. Instead, it partners with FDIC-insured institutions: The Bancorp Bank and Stride Bank. This partnership ensures account holders receive the same level of deposit insurance as they would with a traditional
A business bank account is a financial account used to manage a company’s funds. Unlike a personal checking account, a business account separates personal and professional finances, essential for accurate recordkeeping, tax reporting, and liability protection.
ChexSystems is a consumer reporting agency governed by the Fair Credit Reporting Act. It collects data on closed bank accounts, unpaid overdraft fees,
Cash-back business credit cards are tailored explicitly for business owners. They offer a smart and straightforward rewards-earning solution for all your business basics. These cards give cash back on eligible business purchases, helping business owners save money and reinvest in their businesses. Cash-back rewards are different from traditional rewards cards. Most importantly, they keep it simple, delivering businesses a clear-cut
LegalZoom, Incfile, and ZenBusiness are three top providers of business formation and management services designed to assist entrepreneurs with their ventures. Each platform simplifies tasks such as LLC formation, business compliance management, and more to help you build and manage your business. Though they’re all similar at their core, their features, pricing, and additional offerings vary greatly.
Tradeline Supply Company LLC, founded in 2017 and based in San Diego, California, has established itself as a trusted marketplace for buying and selling authorized user tradelines. The company’s mission is to help individuals improve their credit scores by offering a variety of tradelines for purchase.
With a user-friendly online platform, customers can browse available tradelines and choose the
Staffing agencies provide temporary and temp-to-hire staff for businesses to fulfill a specific job. Most staffing firms pay their employees weekly or biweekly, but most clients pay their invoices on 30, 45, or 60-day intervals.
The gap between making payroll and receiving payment puts many staffing businesses in a cash flow bind. Staffing factoring, which is selling unpaid invoices or
The US Small Business Administration (SBA) oversees various loan packages called SBA loans. While most loans are for business growth and development, SBA disaster loans are explicitly for businesses facing economic hardship due to a natural disaster.
The US Small Business Association enables some lenders to offer SBA loans, considered the gold standard of small business financing. While most SBA loans are designed for established businesses, SBA Microloans are intended explicitly for startups and new business owners.
The SBA microloan could be a valuable option if you’re an aspiring entrepreneur or a new business owner and need
Small business owners have many loan options to support their company, but the coveted SBA loans are the most advantageous financing arrangements. Backed by the Small Business Administration, these loans provide large borrowing amounts at the most favorable rates and terms.
However, the qualification process is the biggest challenge and mystery surrounding the loan program. Many potential borrowers struggle to
Some businesses wait weeks between providing goods and services and getting paid, known as selling on credit. When a business sells on credit, it issues an invoice to the company that owes the money and adds it as a journal entry in accounts receivable.
While the business is waiting for that money to come in, bills and expenses keep coming.
Fraud Disclosure:
Please be aware that individuals have been fraudulently misrepresenting to business owners (and others) that United Capital Source, Inc. (“UCS”) can assist small businesses in receiving government grants and other forgivable business loans, when in fact those grants or loans do not exist or are not available. These individuals have ulterior motives and are engaging in the unauthorized use of the names, trademarks, domain names, and logos of UCS in an attempt to commit fraud upon unsuspecting small business owners.
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